HIGGINS UNIT
HIGGINS UNIT is a Texas oil lease in Lee County, Railroad Commission district 03, operated by Gemini Exploration Company. It has 1 wellbore on file with the Commission. Reported production runs from March 1994 to August 2026, totalling 351,667 barrels. The lease is currently producing. Fitting a decline curve to that history and pricing the remaining production at today's forward curve values the whole lease — a 100% undivided interest — at about $450K, with roughly $256K expected over the next twelve months. An individual royalty owner receives their own decimal interest times that figure. Over the last twelve months on file it averaged 1,577 barrels a month. Its strongest month on the record we hold was August 2021, at 7,875 barrels. In our own backtest, leases producing at this rate are forecast to within about 17% of what they went on to produce, and that measured error is the range shown on the page rather than a confidence of our own devising.
Key facts about HIGGINS UNIT
- Who operates HIGGINS UNIT?
- HIGGINS UNIT is operated by Gemini Exploration Company, Railroad Commission of Texas operator number 298891.
- Where is HIGGINS UNIT?
- HIGGINS UNIT is a Texas oil lease in Lee County, Texas, in Railroad Commission district 03. Its Railroad Commission lease number is 22346.
- Is HIGGINS UNIT still producing?
- HIGGINS UNIT is currently producing. The most recent month of production reported to the Railroad Commission of Texas for HIGGINS UNIT is August 2026.
- How much has HIGGINS UNIT produced?
- HIGGINS UNIT has reported 351,667 barrels of oil (bbl) to the Railroad Commission of Texas between March 1994 and August 2026, from 1 wellbore.
- How much is HIGGINS UNIT worth?
- The remaining production from HIGGINS UNIT is estimated to be worth about $450K in total as of 27 August 2026, within a range of $373K to $526K. That figure is the whole lease, undivided — not any one owner's share. A royalty interest in HIGGINS UNIT is a fraction of it. The estimate fits an Arps decline curve to the production HIGGINS UNIT has already reported, prices the remaining production at the current forward strip, and discounts it at 12% a year. The figure shown for HIGGINS UNIT is an estimate of value, not an offer and not an appraisal.
- How much income does HIGGINS UNIT generate in a year?
- HIGGINS UNIT is forecast to net about $256K across the whole undivided lease over the twelve months following 27 August 2026, before income tax. A royalty owner in HIGGINS UNIT receives a fraction of that, set by the decimal interest printed on their check stub.
Lease record
| Operator | Gemini Exploration Company |
|---|---|
| Field | Giddings (Austin Chalk-3) |
| County | Lee County, Texas |
| RRC district | 03 |
| Lease number | 22346 |
| Wellbores | 1 |
| Reported production | 351,667 bbl |
| First reported | |
| Last reported | |
| Estimated royalty value | $450K |
Where HIGGINS UNIT sits
Source: Railroad Commission of Texas lease production records, complete through . Figures on this page were computed on .
Production figures are as reported to the Railroad Commission of Texas. The value shown is an estimate produced by fitting a decline curve to that reported history; it is not an offer or an appraisal. How this estimate is calculated.